Viscom (V6C) Q4 2024 earnings summary

Executive summary

• Revenue declined 29% year-over-year to €84.1 million, with net loss of €9.6 million versus prior year profit.

• EBIT was negative at €-11.8 million, impacted by restructuring and one-off effects; adjusted EBIT was €-7.1 million.

• Incoming orders fell 34% year-over-year, reflecting weak demand, especially in automotive and Asia.

• Significant cost-cutting and personnel measures implemented, including short-time work and staff reductions.

• No dividend proposed for 2024 due to net loss; dividend policy of distributing at least 50% of positive net profit remains.

Financial highlights

• Revenue: €84.1 million (down 29% year-over-year).

• EBIT: €-11.8 million (prior year: €6.6 million); adjusted EBIT: €-7.1 million.

• Net profit: €-9.6 million (prior year: €3.1 million).

• Cash flow from operating activities: €25.1 million (prior year: €6.2 million).

• Equity ratio: 53.6% (prior year: 47.8%).

• Earnings per share: €-1.06 (prior year: €0.34).

Outlook and guidance

• 2025 revenue expected between €80–90 million, with EBIT margin of 2–5% (€1.6–4.5 million EBIT).

• Management expects continued weak demand in 2025, especially in automotive electronics.

• Growth anticipated from 2026, driven by electrification, digitalisation, and mobility trends.